![Central Banking](https://www.centralbanking.com/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
Bail-in rules the 'bedrock' of European banking union, says BoE's Cunliffe
Deputy governor calls on EU Parliament to greenlight SRM
![Sir John Cunliffe Sir John Cunliffe](/sites/default/files/styles/landscape_750_463/public/import/IMG/824/284824/cunliffe-october13-580x358.jpg.webp?itok=UUPOq-qj)
The European Parliament must give its final approval to the single resolution mechanism (SRM) so that "the new bail-in rules form the bedrock" of future banking union, Jon Cunliffe, deputy governor in charge of financial stability at the Bank of England, said today in London.
Cunliffe added, however, that even with new bail-in rules, further steps are needed to ensure major international banks can be safely resolved. "I do not think we can say with confidence now that we could resolve a failing
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com